T 
0.19
-5.00%
Close of 9 Nov 2026, in AUD
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At a glance
Figures in AUD, from our data supplier.
Revenue
A$200,727
FY2017FY2026
Net income
−A$19.5m
FY2017FY2026
Free cash flow
−A$27.3m
FY2017FY2026
Shareholders' equity
A$44.8m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | A$200,727 | A$106,168 | A$225,405 | A$279,572 | A$16,420 | A$108,969 | A$9,349 | A$8,542 | A$8,317 | A$1,452 |
| Research and development | — | — | — | — | — | — | — | — | — | A$76,817 |
| Operating income | −A$19.7m | −A$18.3m | −A$39.6m | −A$44.5m | −A$34.7m | −A$22.4m | −A$14.5m | −A$12.9m | −A$9.8m | −A$8.2m |
| Net income | −A$19.5m | −A$16.7m | −A$38.3m | −A$43.4m | −A$36.8m | −A$19.9m | −A$13.4m | −A$12.9m | −A$7.6m | −A$8.6m |
| Diluted earnings per share | -0.04 | -0.04 | -0.09 | -0.11 | -0.12 | -0.07 | -0.05 | -0.06 | -0.03 | -0.04 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | A$58.4m | A$49.6m | A$46.1m | A$65.1m | A$33.2m | A$61.0m | A$8.8m | A$11.7m | A$15.2m | A$18.9m |
| Cash and short-term investments | A$18.7m | A$13.2m | A$14.1m | A$38.2m | A$13.0m | A$53.1m | A$5.1m | A$7.7m | A$11.9m | A$17.0m |
| Total liabilities | A$13.6m | A$5.0m | A$5.9m | A$8.2m | A$6.5m | A$5.9m | A$1.6m | A$2.2m | A$1.4m | A$741,939 |
| Debt | A$512,127 | A$1.1m | A$1.4m | A$2.4m | A$1.7m | A$395,037 | A$207,419 | A$207,419 | — | — |
| Shareholders' equity | A$44.8m | A$44.6m | A$40.2m | A$57.0m | A$26.6m | A$55.1m | A$7.2m | A$9.5m | A$13.8m | A$18.2m |
| Shares outstanding | 511m | 459m | 409m | 380m | 317m | 305m | 260m | 225m | 217m | 202m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −A$16.0m | −A$23.7m | −A$31.7m | −A$36.2m | −A$26.5m | −A$15.9m | −A$12.3m | −A$11.7m | −A$8.5m | −A$7.6m |
| Capital spending | −A$11.3m | −A$3.8m | −A$10.4m | −A$6.4m | −A$12.4m | −A$1.9m | −A$365,807 | −A$576,232 | −A$1.3m | −A$607,073 |
| Free cash flow | −A$27.3m | −A$27.5m | −A$42.1m | −A$42.6m | −A$39.0m | −A$17.8m | −A$12.7m | −A$12.3m | −A$9.8m | −A$8.2m |
| Dividends paid | — | — | — | −A$64.7m | −A$468,995 | −A$3.0m | −A$9.7m | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | A$120,679 | A$80,048 | A$71,835 | A$34,333 | A$124,085 | A$101,320 | A$178,635 | A$89,317 |
| Operating income | −A$9.0m | −A$10.7m | −A$14.6m | −A$11.4m | −A$12.7m | −A$21.0m | −A$22.3m | −A$9.5m |
| Net income | −A$7.8m | −A$11.6m | −A$13.7m | −A$3.1m | −A$19.9m | −A$18.4m | −A$21.1m | −A$10.6m |
| Diluted earnings per share | -0.02 | -0.03 | -0.03 | -0.01 | -0.05 | -0.05 | -0.06 | -0.03 |
| Cash from operations | −A$8.0m | −A$7.0m | −A$11.0m | −A$12.0m | −A$14.0m | −A$16.0m | −A$18.0m | −A$9.0m |
| Capital spending | −A$7.0m | −A$4.0m | −A$2.0m | −A$1.0m | −A$3.0m | −A$6.0m | −A$3.0m | −A$1.0m |
| Free cash flow | −A$15.0m | −A$11.0m | −A$13.0m | −A$13.0m | −A$17.0m | −A$22.0m | −A$21.0m | −A$10.0m |
| Total assets | A$58.4m | A$64.9m | A$49.6m | A$52.6m | A$46.1m | A$64.8m | A$65.1m | A$65.1m |
| Cash and short-term investments | A$18.7m | A$28.4m | A$13.2m | A$18.1m | A$14.1m | A$32.9m | A$38.2m | A$38.2m |
| Debt | A$457,404 | A$733,569 | A$1.1m | A$1.4m | A$1.4m | A$1.8m | A$2.4m | — |
| Shareholders' equity | A$44.8m | A$47.8m | A$44.6m | A$46.0m | A$40.2m | A$56.3m | A$57.0m | A$37.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.5% | 13.0% | 8.4% |
| Operating income | -23.8% | -2.5% | 12.2% |
| Net income | -23.4% | -0.4% | 12.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -12407.2% | -15058.1% | -19136.2% | -21911.1% |
| Net margin | -11790.6% | -14509.3% | -18617.1% | -21165.9% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -5.3 | -10.2 | -4.7 | -6.9 | -12.1 | -25.0 | -31.4 | -8.3 | -12.0 | -13.2 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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